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Rent controls create a binding price ceiling in the market for housing in many large cities. Do rent controls create a short or a surplus

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Rent controls create a binding price ceiling in the market for housing in many large cities. Do rent controls create a short or a surplus in the market for housing? How does rent control impact the market for housing in the short run? How does this impact change in the long run? Based on your answer do rent controls help or hurt renters in the area where they are enforce

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